Overview
What is Musical Masterworks Inc?
Musical Masterworks Inc, situated in Old Lyme, Connecticut, is a small yet impactful nonprofit organization. Their primary mission is to enrich the Connecticut shoreline community by presenting top-tier chamber music performances and offering outreach educational programs. These initiatives serve to engage, captivate, and educate a broad spectrum of audience members. The organization's activities are designed to bring world-class music to the local community, fostering cultural growth and appreciation. With a modest workforce of one dedicated individual, Musical Masterworks Inc continues to contribute significantly to the cultural landscape of its community.
Official website here: www.musicalmasterworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating
Musical Masterworks Inc holds a One-Star rating from Charity Navigator, indicating significant room for improvement in its accountability and financial practices. The organization has a decent score in areas such as independent board membership and material diversion of assets, showcasing a governance structure that's primarily independent and transparent.
However, several critical policies are missing, including a whistleblower policy and a document retention policy, which adversely affect its overall score. Additionally, the absence of tax forms on the nonprofit's website raises concerns about transparency and accessibility of financial information to stakeholders. While the program expense ratio indicates that over half of its expenses are directed towards its programs, there is still a substantial need for improvement in other financial accountability metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Musical Masterworks Inc legitimate?
Musical Masterworks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Musical Masterworks Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.musicalmasterworks.org
What is the mission statement of Musical Masterworks Inc?
Musical Masterworks Inc's mission is centered around bringing high-quality chamber music performances and educational outreach programs to a diverse audience. Their primary goal is to attract, entertain, and educate people in the community through these events. They have been successful in producing a series of classical music concerts and holding numerous educational music programs.
Official website here: www.musicalmasterworks.org
Who is the CEO of Musical Masterworks Inc?
Alden Rockwell Murphy is the President of Musical Masterworks Inc.
Official website here: www.musicalmasterworks.org
What is the revenue of Musical Masterworks Inc?
Musical Masterworks Inc's revenue in 2023 was $679,945.
Official website here: www.musicalmasterworks.org
Who are the executives of Musical Masterworks Inc and what are their salaries?
There is 1 employee at Musical Masterworks Inc.
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Official website here: www.musicalmasterworks.org
Where can I find the form 990 for Musical Masterworks Inc?
Musical Masterworks Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.musicalmasterworks.org
Learn more at the official website: www.musicalmasterworks.org
Mission Statement of Musical Masterworks Inc
Musical Masterworks Inc, a renowned organization, is dedicated to enriching the Connecticut shoreline community by presenting world-class chamber music performances and outreach programs. Their mission is twofold: to captivate and entertain a diverse audience, and to educate through these musical events. By producing a series of classical music concerts and offering numerous outreach educational music programs, Musical Masterworks Inc successfully bridges the gap between music lovers and the artistic world, fostering a sense of cultural appreciation and learning.
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Impact
July, 2024
Musical Masterworks Inc has significantly enriched the cultural landscape of the Connecticut shoreline community by providing world-class chamber music performances and outreach programs. Through their series of classical music concerts and educational music programs, they have attracted, entertained, and educated a diverse audience. Their impact extends beyond just the enjoyment of music, as they have played a vital role in fostering a greater appreciation for the arts and contributing to the cultural growth of the region.
This information is meant to be a general summary of Musical Masterworks Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $73,272
- Program Service Revenue: $76,711
- Gross Receipts: $835,215
Assets and Liabilities:
- Total Assets: $2,102,922
- Total Liabilities: $54,544
- Net Assets: $2,048,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$76,711
Organization Details
Founding Year
1990
Phone
(860) 434-2252Principal Officer
Alden Rockwell Murphy
Main Address
PO BOX 684, OLD LYME, CT, 06371
Website
www.musicalmasterworks.orgNTEE Category
Code: Z99 - Unknown
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